Octel Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06275776 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2022

for

Octel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R Clouston

C M Clouston

SECRETARY:

Mrs R Clouston

REGISTERED OFFICE:

37 Beckwith Road

London

SE24 9LH

REGISTERED NUMBER:

06275776 (England and Wales)

ACCOUNTANTS:

Humm Accountancy Services Limited

19 Bowood Road

London

SW11 6PE

FIXED ASSETS

Tangible assets

4

1,566

2,168

CURRENT ASSETS

Debtors

5

840

-

Cash at bank

17,591

48,816

18,431

48,816

CREDITORS

Amounts falling due within one year

6

26,510

59,198

NET CURRENT LIABILITIES

(8,079

)

(10,382

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,513

)

(8,214

)

CREDITORS

Amounts falling due after more than one year

7

13,958

16,750

NET LIABILITIES

(20,471

)

(24,964

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(20,571

)

(25,064

)

SHAREHOLDERS' FUNDS

(20,471

)

(24,964

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2022 and were signed on its behalf by:

C M Clouston - Director

1.	STATUTORY INFORMATION

Octel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings & furniture 25% on cost

Computer equipment 33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

and 30 April 2022

17,659

DEPRECIATION

At 1 May 2021

15,491

Charge for year

602

At 30 April 2022

16,093

NET BOOK VALUE

At 30 April 2022

1,566

At 30 April 2021

2,168

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/22

30/4/21

£

£

Trade debtors

840

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/22

30/4/21

£

£

Trade creditors

1,260

1,260

Taxation and social security

7,141

1,082

Other creditors

18,109

56,856

26,510

59,198

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/22

30/4/21

£

£

Other creditors

13,958

16,750

This represent a bounce back loan received by the company in June 2020. The duration of the agreement is 72 months and repayments commenced in July 2021.

8.	RELATED PARTY DISCLOSURES

The company was under the control of the directors throughout the year.

At balance sheet date the Company owed the directors C Clouston £8,744 (2021: £25,647) and R Clouston £9,366 (2021: £31,209). These arrangements are unsecured and interest free.

No dividend payments were made during the year (2021: £nil)